Todays Report: The Skyworks Solutions Inc. (SWKS) EVP Sells $2,901,760.00 in Stock

The Skyworks Solutions Inc. (SWKS) EVP Sells $2,901,760.00 in Stock

Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 36,272 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $80.00, for a total value of $2,901,760.00. Following the completion of the sale, the executive vice president now owns 41,675 shares of the company’s stock, valued at approximately $3,334,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bruce J. Freyman also recently made the following trade(s): On Monday, August 29th, Bruce J. Freyman sold 3,221 shares of Skyworks Solutions stock. The stock was sold at an average price of $75.00, for a total value of $241,575.00.

Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.77% during trading on Wednesday, reaching $78.82. The company’s stock had a trading volume of 2,056,111 shares. Skyworks Solutions Inc. has a 12 month low of $54.50 and a 12 month high of $88.52. The stock’s 50 day moving average is $74.87 and its 200 day moving average is $69.63. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 15.61 and a beta of 1.06.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. The company earned $751.70 million during the quarter, compared to analyst estimates of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. On average, equities analysts expect that Skyworks Solutions Inc. will post $5.53 EPS for the current fiscal year.

Several equities research analysts have issued reports on the company. Vetr upgraded Skyworks Solutions from a “sell” rating to a “hold” rating and set a $80.30 price target for the company in a report on Tuesday. Charter Equity upgraded Skyworks Solutions from a “market perform” rating to a “buy” rating in a report on Tuesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $92.00 price target on shares of Skyworks Solutions in a report on Friday, September 23rd. Brean Capital restated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 21st. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $100.00 price target on shares of Skyworks Solutions in a report on Friday, September 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $83.05.

Institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its position in Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock valued at $1,472,757,000 after buying an additional 3,692,877 shares in the last quarter. Vanguard Group Inc. raised its position in Skyworks Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 16,889,062 shares of the semiconductor manufacturer’s stock valued at $1,068,740,000 after buying an additional 212,799 shares in the last quarter. Wellington Management Group LLP raised its position in Skyworks Solutions by 220.3% in the first quarter. Wellington Management Group LLP now owns 6,231,589 shares of the semiconductor manufacturer’s stock valued at $485,441,000 after buying an additional 4,286,283 shares in the last quarter. BlackRock Fund Advisors raised its position in Skyworks Solutions by 3.7% in the second quarter. BlackRock Fund Advisors now owns 3,514,916 shares of the semiconductor manufacturer’s stock valued at $222,424,000 after buying an additional 124,229 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Skyworks Solutions by 28.3% in the second quarter. Bank of New York Mellon Corp now owns 2,393,648 shares of the semiconductor manufacturer’s stock valued at $151,471,000 after buying an additional 528,111 shares in the last quarter. 76.66% of the stock is owned by institutional investors.

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